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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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    The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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  • The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
Other Insights
 
  • Dangote Cement remains Africa’s largest cement company, despite a steep 24.3% revenue drop from $3.2 billion to $2.4 billion
  • Revenue declines were widespread, affecting major players including BUA Cement (-11.2%) and Lafarge Africa (-19.8%).
  • The downturn among top Nigerian producers suggests strong pressure in one of Africa’s largest cement markets
  • PPC recorded a relatively mild decline (-1.1%), showing more stable performance
  • Ciments du Maroc (+4.8%) and Bamburi Cement (+14.8%) posted growth, highlighting regional demand resilience.
  • Smaller positive gains from firms like Sinai Cement and Sephaku Holdings suggest selected markets are still expanding
See more
 
  • Africa had 249 data centres as of February 2026
  • South Africa leads with 61 facilities, accounting for 25% of the continent’s total
  • Nigeria (25) and Kenya (19) complete the top three countries with major digital infrastructure hubs
  • Many countries operate with fewer than five facilities
  • A dozen countries have just one data centre
  • Infrastructure concentration means cross-border data dependence for many smaller economies.
  • As cloud adoption, fintech, streaming, and AI grow, new regional hubs are likely to emerge beyond today’s leaders.
See more
 
  • Rack Centre leads Nigeria’s live capacity with 13.5 MW
  • Africa Data Centres (10 MW) and Equinix (8.8 MW) form the next tier of large operators
  • Lagos dominates capacity, reinforcing its role as Nigeria’s primary digital infrastructure hub
  • Several operators have major expansion plans, including Africa Data Centres (+10.65 MW addition) and OADC Lagos (+24.5 MW addition)
See more
 
  • Lagos hosts 21 of Nigeria’s 25 data centres.
  • Only Lagos, Abuja, and Kano currently host data centres.
  • Abuja holds 12% of the country’s data centres despite being the capital.
  • Kano’s single facility accounts for just 4% and highlights the limited digital infrastructure in northern Nigeria.
  • The distribution shows a high geographic concentration risk; national digital operations rely heavily on Lagos.
  • Lagos’ dominance reflects its advantages: commercial activity, connectivity, and proximity to submarine cable landings.
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  • The proposed 2027 election budget of ₦873.8 billion is the highest in Nigeria’s history.
  • The 2027 figure is 2.5 times higher than the ₦355.3 billion spent in 2023.
  • Election costs have increased every cycle since 1999.
  • Spending has grown from ₦32 billion in 1999 to ₦874 billion in 2027.
  • In dollar terms, the 2027 cost is estimated at about $625.9 million.
  • Nigeria has spent approximately ₦1.9 trillion—including the 2027 proposed cost—on elections since the start of the Fourth Republic.
  • Currency depreciation has influenced the dollar-equivalent fluctuations over time.
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  • Export value more than doubled from $9.72 billion in 2016 to $24.91 billion in 2025.
  • Trade rose steadily between 2016 and 2019, then surged sharply in 2021.
  • Exports declined for three consecutive years (2022–2024) after the 2021 peak.
  • 2025 marks the highest export value in the ten-year period.
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  • Rivers, Lagos, and Ogun lead the ranking, covering most operating costs from their own revenue.
  • Jigawa, Bayelsa, and Yobe are the most dependent on federal allocations, with internal revenue covering only a fraction of expenses.
  • Higher-ranked states demonstrate stronger economic resilience and better domestic revenue mobilisation.
  • Lower-ranked states need to grow internal revenue or reduce operating expenses to improve financial self-sufficiency.
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  • Nigeria leads by a clear margin, receiving the highest export value at $24.91bn.
  • Large, diversified economies dominate the top tier, with South Africa and Egypt ranking among the biggest destinations.
  • Resource-linked trade remains significant, with countries like Liberia and Algeria absorbing substantial export value.
  • Trade reach is geographically diverse, spanning West, East, and North Africa, including Ghana, Tanzania, Kenya, Morocco, and Guinea.
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  • Exports more than doubled in a decade, with trade rising from $92.27 billion in 2016 to $225 billion in 2025, a 144% increase.
  • The largest single jump occurred between 2020 and 2021, when exports surged by more than $34 billion.
  • From 2021 to 2024, exports climbed every year, reaching $178.91 billion before the latest surge.
  • The increase from $178.91 billion in 2024 to $225 billion in 2025 signals a new growth surge after several years of gradual increases.
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  • The NFF’s allocation of ₦2.31 billion is under 1.1% of the total sports budget.
  • The National Sports Commission HQ gets the most, with ₦203.6 billion, over 96% of the total.
  • The National Institute for Sports is to receive ₦4.12 billion, highlighting minimal federal investment in sports development.
  • Budget heavily favours administration over football development and grassroots programs.
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  • Active bank accounts grew from 65 million in 2016 to over 320 million in 2025 — almost a fivefold increase.
  • Bank accounts per 100 people rose from about 32 in 2017 to nearly 135 in 2025.
  • Nigeria now averages more than one bank account per person.
  • The fastest growth phase occurred between 2019 and 2024.
  • Digital banking and fintech adoption played a major role in the surge.
  • The jump after 2020 suggests technology-driven access, not just population growth.
  • Multiple account ownership is now common among users.
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1 2 3 … 121
  • Dangote Cement remains Africa’s largest cement company, despite a steep 24.3% revenue drop from $3.2 billion to $2.4 billion
  • Revenue declines were widespread, affecting major players including BUA Cement (-11.2%) and Lafarge Africa (-19.8%).
  • The downturn among top Nigerian producers suggests strong pressure in one of Africa’s largest cement markets
  • PPC recorded a relatively mild decline (-1.1%), showing more stable performance
  • Ciments du Maroc (+4.8%) and Bamburi Cement (+14.8%) posted growth, highlighting regional demand resilience.
  • Smaller positive gains from firms like Sinai Cement and Sephaku Holdings suggest selected markets are still expanding
Read more
  • Africa had 249 data centres as of February 2026
  • South Africa leads with 61 facilities, accounting for 25% of the continent’s total
  • Nigeria (25) and Kenya (19) complete the top three countries with major digital infrastructure hubs
  • Many countries operate with fewer than five facilities
  • A dozen countries have just one data centre
  • Infrastructure concentration means cross-border data dependence for many smaller economies.
  • As cloud adoption, fintech, streaming, and AI grow, new regional hubs are likely to emerge beyond today’s leaders.
Read more
  • Rack Centre leads Nigeria’s live capacity with 13.5 MW
  • Africa Data Centres (10 MW) and Equinix (8.8 MW) form the next tier of large operators
  • Lagos dominates capacity, reinforcing its role as Nigeria’s primary digital infrastructure hub
  • Several operators have major expansion plans, including Africa Data Centres (+10.65 MW addition) and OADC Lagos (+24.5 MW addition)
Read more
  • Lagos hosts 21 of Nigeria’s 25 data centres.
  • Only Lagos, Abuja, and Kano currently host data centres.
  • Abuja holds 12% of the country’s data centres despite being the capital.
  • Kano’s single facility accounts for just 4% and highlights the limited digital infrastructure in northern Nigeria.
  • The distribution shows a high geographic concentration risk; national digital operations rely heavily on Lagos.
  • Lagos’ dominance reflects its advantages: commercial activity, connectivity, and proximity to submarine cable landings.
Read more
 
  • The proposed 2027 election budget of ₦873.8 billion is the highest in Nigeria’s history.
  • The 2027 figure is 2.5 times higher than the ₦355.3 billion spent in 2023.
  • Election costs have increased every cycle since 1999.
  • Spending has grown from ₦32 billion in 1999 to ₦874 billion in 2027.
  • In dollar terms, the 2027 cost is estimated at about $625.9 million.
  • Nigeria has spent approximately ₦1.9 trillion—including the 2027 proposed cost—on elections since the start of the Fourth Republic.
  • Currency depreciation has influenced the dollar-equivalent fluctuations over time.
Read more
1 2 3 … 241
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